Your Thoughts on Future Investment After 21million Bitcoin Finish.

AltcoinAdvent

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Quote from: freedomgo on November 28, 2024, 05:52:15 AM

I don't understand the fear or concern.. I believe, it’s unrealistic to think that Bitcoin's price will increase simply because investors are holding onto it, nope.. the main driver of Bitcoin’s price is demand, and that demand comes primarily from people using Bitcoin in their daily lives, not just from big investors who buy and hold.

As long as exchanges maintain good liquidity, there won’t be any issues with daily transactions. Plus, investors aren’t naive; most of them are seasoned experts who understand how to balance supply and demand without undermining Bitcoin’s core purpose: decentralized transactions. The point is, more transactions lead to a more stable network, which ultimately drives greater adoption and long-term growth.

it's not just big investors but rather how BTC is used by people on a day to day basis. The more its used, the more stable and valuable the network becomes which is where long-term growth can happen.

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Quote from: adzino on December 05, 2024, 12:54:24 AM

Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

Bitcoin is already scarce as it is. Once 21 million bitcoins are mined, no new bitcoins will be created, hence there will be fixed supply with infinite demand (the population keeps on increasing every year). In fact, the supply will keep on reducing due to lost bitcoins that can never be recovered. And no, it wont be difficult to buy bitcoin once all of the coins has been mined. There will be people willing to sell their coins at higher price. And then there are also altcoins that people might move to, in order to make profit.

As franky1 said - if not for BTC due to how high the demand would be, people would accumulate sats instead.
So, it is better to do it now than to mourn the possibilities of tomorrow.

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Quote from: nakamura12 on November 30, 2024, 06:56:54 PM

Bitcoin will become scarce if there will be a lot of people who demand bitcoin. It all comes back to supply and demand. If the supply (from existing bitcoin) is good then anyone can buy as long as they have money to buy. Since all bitcoin is mined then it all depends on the supply from the mined bitcoin. When that happens then the value of bitcoin will be different because there will be no more bitcoins to mine. Not that it matters since you won't be there when it happens and I think this has been discussed already.

We won't live through that time - but yeah.
Better yet to buy it now and see it bloom Roll Eyes

SquirrelJulietGarden

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Quote from: adzino on December 05, 2024, 12:54:24 AM

Bitcoin is already scarce as it is. Once 21 million bitcoins are mined, no new bitcoins will be created, hence there will be fixed supply with infinite demand (the population keeps on increasing every year). In fact, the supply will keep on reducing due to lost bitcoins that can never be recovered. And no, it wont be difficult to buy bitcoin once all of the coins has been mined. There will be people willing to sell their coins at higher price. And then there are also altcoins that people might move to, in order to make profit.

The total supply is 20999999.9769 bitcoins, not 21M bitcoins. It's not big difference but the exact number is that, Bitcoin Wiki is used as a reference.

This question "What will happen with Bitcoin blockchain after about 21M bitcoins mined?" is basic interest of many people. It's good that they start with this question, because it shows that they pay enough attempt to learn about Bitcoin, and if they spend money to buy bitcoin, they actually have some good belief after having knowledge about Bitcoin. It's different than gamble.

Equivalent Network Time is a topic with insights about how more time will be required to mine the same 1 bitcoin, with different Bitcoin halvings and Bitcoin epoch.

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Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

Bitcoin is already scarce as it is. Once 21 million bitcoins are mined, no new bitcoins will be created, hence there will be fixed supply with infinite demand (the population keeps on increasing every year). In fact, the supply will keep on reducing due to lost bitcoins that can never be recovered. And no, it wont be difficult to buy bitcoin once all of the coins has been mined. There will be people willing to sell their coins at higher price. And then there are also altcoins that people might move to, in order to make profit.

nakamura12

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Bitcoin will become scarce if there will be a lot of people who demand bitcoin. It all comes back to supply and demand. If the supply (from existing bitcoin) is good then anyone can buy as long as they have money to buy. Since all bitcoin is mined then it all depends on the supply from the mined bitcoin. When that happens then the value of bitcoin will be different because there will be no more bitcoins to mine. Not that it matters since you won't be there when it happens and I think this has been discussed already.

Zaguru12

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Quote from: ? on November 28, 2024, 02:41:00 AM

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Yes bitcoin reaching its total supply will be minted out and it will definitely be scarce, in fact one of the most interesting things that satoshi did that made bitcoin such a great store of value is the limited supply. Should there be excessive supply of bitcoin then the value will be reduced and it won’t be much different with the paper Mooney which is printed Almost every day. So should the bitcoin mined ends the new introduction of new bitcoin and it creates scarcity but that doesn’t mean they wouldn’t sale of it, yes many will like to hodl but it’s an assets that must be used to cater for needs so there will always be bitcoin available in the market

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Quote from: asriloni on November 29, 2024, 12:35:11 PM

Bitcoin expected to reaches 21 millions supply at 2140, which is more than 100 years from now. It's impossible to accurately forecast what's gonna happen at that time. I can only say bitcoin may be worth millions at that time.

It's also possible that Bitcoin might worth 100's of millions by then. it's 2024 and Bitcoin is already close to $100k in value and by 2140 things will be way different than they're right now, and who knows by then cost of a single Satoshi might be in $100's or even more. One thing is certain that by then all of us who are active on this forum will be dead, but I believe our words will still live and there's chance that some people might read our posts.

kryptqnick

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As others pointed out, that's going to happen around 2140. So, to me, it's not something that is of concern. Fintech changes over time, and with a decade we're currently having, who knows what kind of world 22nd century humans are going to live in. I do believe humanity as a species will still be alive. But I'm not sure if it will be a fairly light future of progress and learning from mistakes, or a fairly dark future of survival in small, isolated communities following major crises like world wars and climate catastrophes. So Bitcoin may not even be relevant at that point at all. But in principle, all of BTC being mined is not an issue, as there's plenty of it out there to buy from other people. And the demand will drive the price, not much differently from what's going on nowadays.

Jewan420

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There is no way to know how many generations it will take for Bitcoin to reach 21 million. When the average lifespan is reached, none of us will be alive or connected to Bitcoin. Maybe we will reap the fruits of our deeds in the afterlife Roll Eyes

(just kidding).

They will buy Bitcoin in small increments just as we can now. As the price of Bitcoin increases, the amount of Bitcoin purchased will decrease. That is, you can buy as many Bitcoins as you can with $100 in today's market, then you will be able to buy much less Bitcoin with that $100. It may also be that as the price of Bitcoin increases, earnings will also increase. We make a mistake when we compare the future with the present. This is even a cause for concern for our descendants. They will somehow solve this problem.

Hamza2424

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Currently, we are not at that point. I'm honestly telling you the current plan is for 10 years if I don't die before the execution of the plan, haha. Anyway, for 10 years and even 20 years, the journey is smooth. I'm more concerned about the currently available liquid supply, as from where I'm watching in the coming few months, it's going to be a big issue as market valuation is gonna sky rocket.

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Bitcoin expected to reaches 21 millions supply at 2140, which is more than 100 years from now. It's impossible to accurately forecast what's gonna happen at that time. I can only say bitcoin may be worth millions at that time.

Talking about bitcoin, it won't have 21 millions supply, and most probably less than it. There were many bitcoin lost. It's due to the various reasons i.e lost privkey, send to burn addy, etc.

The current supply in exchange sites are getting even less. that's because as people are buying bitcoin after they being FOMOed by US bitcoin's strategic reserve plan. All in all, keeping some bitcoin/satoshis, then use it as a legacy to your next gen is worthy plan. Cheesy

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Quote from: icalical on November 29, 2024, 01:01:22 AM

I think people will still trade bitcoins long after all are mined, I mean everyone wouldn't just hold all of their Bitcoin, so there will still be much transaction going on, much like how gold isn't mined as much today but still has value due to fixed supply and dynamics of demand. But just because supply is fixed doesn't mean prices will only go up, demand for Bitcoin will be the key factor I think, also governments regulation across the globe will also has some influence toward Bitcoin price even after all Bitcoin is mined.

Bitcoin, but by the time it is almost or entirely mined, will be adopted through in through, in my opinion, even now, institutions and such have a big interest in it and are using it for their own good: so the reality would be a bit brighter than it seems.

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Quote from: Wexnident on November 28, 2024, 11:55:53 PM

Quote from: ? on November 28, 2024, 02:41:00 AM

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Technically no. First, you have to know that Bitcoin can be broken down into smaller units of value called satoshi so the worry of people only having a max of 21mil investors shouldn't be a worry in the first place. From that you can pretty much just assume that the value of Bitcoin would just increase in price the more people buy it since well, people start using sats exactly because more and more people are buying in the first place. As for miners they're still going to be relevant since transactions still run under them.

Yeah, there is a talk than one day (probably not in our lifetimes) the reward for mining will be halved so much as to pay the miners more in fees than from rewards, however, that's another story and question.
I do think everything is going to be great with BTC, for those who think of it as more of an investment - because they don't go into technicalities (which most of the times answer most questions related to BTC in different fields).

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Quote from: Wexnident on November 28, 2024, 11:55:53 PM

Technically no. First, you have to know that Bitcoin can be broken down into smaller units of value called satoshi so the worry of people only having a max of 21mil investors shouldn't be a worry in the first place.

With Bitcoin Lightning Network, satoshi is not a smallest unit for bitcoin, and there are many units too, and people can use bitcoins in any fraction, small or big, if its transaction value is good compares to transaction fee to spend to miners.

[Did you know?] Bitcoin Table of Units

Quote from: icalical on November 29, 2024, 01:01:22 AM

But just because supply is fixed doesn't mean prices will only go up, demand for Bitcoin will be the key factor I think, also governments regulation across the globe will also has some influence toward Bitcoin price even after all Bitcoin is mined.

I understand it but for any newbie who is curious for learning, and still wondering about what makes Bitcoin value, an excellent insightful book for reading.

The bullish case for bitcoin. It's free for reading on Medium, but you can buy this book on Amazon.

icalical

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I think people will still trade bitcoins long after all are mined, I mean everyone wouldn't just hold all of their Bitcoin, so there will still be much transaction going on, much like how gold isn't mined as much today but still has value due to fixed supply and dynamics of demand. But just because supply is fixed doesn't mean prices will only go up, demand for Bitcoin will be the key factor I think, also governments regulation across the globe will also has some influence toward Bitcoin price even after all Bitcoin is mined.

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Quote from: ? on November 28, 2024, 02:41:00 AM

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Technically no. First, you have to know that Bitcoin can be broken down into smaller units of value called satoshi so the worry of people only having a max of 21mil investors shouldn't be a worry in the first place. From that you can pretty much just assume that the value of Bitcoin would just increase in price the more people buy it since well, people start using sats exactly because more and more people are buying in the first place. As for miners they're still going to be relevant since transactions still run under them.

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although bitcoin is capped to 21 M good thing is you can buy in fractional value, the main reason why people say bitcoin is deflationary because it's exactly capped at 21M, once there's no BTC left to mine it'll be scarce, even more so if strategic bitcoin reserve is a real thing and bitcoin is hoarded by big financial institutions for their investment.

so yeah it will become scarce, but it won't be hard to purchase BTC you will still find it everywhere, but maybe at most what you can buy in the future is 0.00001 BTC for $1k who knows right, because it's increasingly scarce.

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Quote from: franky1 on November 28, 2024, 04:00:12 AM

in 2010 people were trading for things like 2xpizza for 1000000000000sats
in 2144 people would trade for things like 2 pizza for 2000sats at most

People who sold bitcoins for anything were happy with their sales in the past, because they made these sales to buy something for enjoying their lives.

I really don't agree that if they were happy with past decisions in the past, and in the present they feel regretful about past decisions. It's not like they lost their bitcoins, but they sold it for something were meaningful and brought happiness to them.

Bitcoin adoption, value and price increase with time, and Bitcoiners can spend less satoshis for pizzas or dollar.
https://charts.bitbo.io/satoshi-per-dollar/
https://bitcoinpizzaindex.net/

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A hundred years from now, I'm sure the world would be a lot different from today. Would Bitcoin remain relevant?

If yes, I'm sure it's already worth millions in USD, if USD is still alive, or it could already be a primary global currency, or perhaps the kind of asset every currency is backed with. Whatever, but it must have achieved what could have only been a dream.

After every Sat is mined, the supply could only deflate. So it's going to be much scarcer. The value could only increase.

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Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

It will be difficult to puchase and send BTC from one wallet to another too unless you are using some L2 network, because the fee on the main net will be touching skies. And speaking of high rates I think now we are dealing in BTC, and there will be a time we will be dealing in Satoshies at bigger level because even now we are dealing in satohies but at lower scale like for small purchases. Maybe in future we will see news like MSTR bought another 0.5 BTC for 1 billion haha just kidding.

I also wonder what will happen to BTC when all the mining will end like on 2140 and after this year BTC miner will do what, they will surely make profits from BTC tx fee and that's why I said the fee will be high. Unfortunately very few people can live till 2140 most of us will be gone but we will be leaving some assets to our next generation so they could also enjoy the feeling of having at least few BTC.

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Yep, that's law of supply and demand in there brother. But not everyone is going to hold it forever and the miners are going to mine to confirm transactions if there is no more Bitcoins to be mined. This isn't a problem for us to be too worried with, mining 21million of Bitcoins will get more than a century from this time and that's why you don't worry about matters that you're not going to take care of. Let the future get on it because we'd be dead by that time if it happens. However, there goes the technical explanation that you have known too.

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Quote from: ? on November 28, 2024, 02:41:00 AM

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?

Technically, last Bitcoin could be mined around 2140, so I don't know if we are still here. However, we really don't need to wait for that, as maybe in the next 3-4 halvings, almost all Bitcoin could have been mined, 99% for it or around 20 million BTC. Currently, it stands at around 19,788. So it will really be scarce in the next decade or so and obviously, based on supply and demand, price could really spike and we could only imagine what will be the price.

So as a investors, it's obvious that we should really go long term here. If you are not familiar with DCA method then used that to buy and then HODL for as long as you can because the price is going to increase in the future.

"Look for the bigger picture".

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I also wonder about this one: As I understood, we have a limited supply of 21m BTCs. But will we have this many?

Nowadays, there are some cases when people forget their private keys, which means, technically, the actual supply can be less. Just googled: Some studies estimate that up to 20% of Bitcoin may already be lost forever, which effectively reduces the circulating supply.

Correct me if I'm wrong, thanks.

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First of all, I don't care what will happen when all the coins are mined because I won't be there to see it, nor will my children.

Bitcoin is already scarce. We don't need for it to hit 21m! Also, the last few coins are going to take many years to mine. You're going to be at 20 million 900 something for decades. Do you think people won't decide if bitcoin has won by then, but instead will continue to wait for 21m to be reached to make their move?

The way I see it. bitcoin's future will be decided in the next 10 years and all the big corporations will decide what to do in that period.

Doan9269

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Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

My thought regarding this is that the value of bitcoin would have also increased to a reasonable extent, there is nothing to fear about its future because everyone including the investors and miners will all be benefiting from it and by then, it would have been increased more than ever before, there is hope in this currency and that is why you could always discover for more interest on its investment, because people feels more safe and secured with bitcoin than any other investment.

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Bitcoin scarcity is not an option tho also if this ever happens perhaps 21M bitcoin has been purchased those who wasted time will be the ones regretting. For any reason hoarding bitcoin might be consider the least thought anyone could think off especially investors holding for long, like we’ve seen a lot of investors buy and hold yet they end up selling after making profit. Bitcoin buying and selling is just a continuous activity that’s why it’s difficult yet for future purpose seeing how bitcoin gained popularity others might be tempted to hold for long, at this point if they can’t purchase bitcoin why not try the dca using little amount.

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Quote from: tbct_mt2 on November 28, 2024, 09:41:18 AM

Quote from: Apocollapse on November 28, 2024, 03:02:19 AM

That's the reason why not everyone can be rich.

If you can buy bitcoin, get bitcoin, and can hold it, you can be rich.

And if you can be rich - you can get more BTC.
Cool

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Quote from: Orpichukwu on November 28, 2024, 09:12:00 AM

Quote from: fikrett on November 28, 2024, 07:55:49 AM

Even if you hold for 20 years while accumulating during this frame (which would be around 3-4 natural cycles for BTC) - you would already be rich.
Cool

Holding Bitcoin for even 5-10 years alone should be able to give someone a profit better than saving your money on a local bank account with their fucked up rate as interest. The longer someone can hold bitcoin to me is always based on how much the person has and how much they can live without the amount they invested in it.

What matters most right now is what we can get and the profit that can be made. Why are we still on this surface? The rest, after all the bitcoin has been mined, should be something the next generation will have to worry about if bitcoin still exists and something of interest by then.

We should be thinking ahead and do what is in our power to be on the bright side of history.
Then we won't mourn and think about what - could - be done.

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Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

Therefore, don't waste your time if you finally realized that there is not enough bitcoins for everyone. Otherwise, everything will be bought by Microstrategy.

Btw, the available number of bitcoins will ultimately be less than 21M, due to the irretrievably lost wallets. This is another reason for you to hurry.

But seriously, the difficulty of buying bitcoin will depend on the investor's willingness to sell. If the majority hold, this will raise the price to unimaginable heights and there will be no talk of using btc as a means of payment.

But in general, the BTC-market itself will regulate everything according to the market laws of supply and demand. It is impossible for everyone to keep investments forever, which means that some will need to sell bitcoin, and others - to buy. Otherwise, it will be a "dead" market. The only question left is the cost.

Dr.Bitcoin_Strange

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If Bitcoin becomes more scarce in the future, it will cause the price to increase impulsively but that doesn't mean that new investors can not buy and own Bitcoin. The law of supply and demand did state that if supply is limited and deman increases, then price will increase. With today's market price, if any newbie wants to purchase 0.002 Bitcoin, they will spend $191.2 but if in the future when the price of Bitcoin have reached $500k, that same 0.002 fraction will become $1k and if any new investor can not afford it and therefore want to purchase $191.2 worth of Bitcoin, they will get 0.000383 Bitcoin.

So, as price increases, so shall quantity to be purchased by new investors will decrease.

tbct_mt2

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Quote from: Apocollapse on November 28, 2024, 03:02:19 AM

That's the reason why not everyone can be rich.

If you can buy bitcoin, get bitcoin, and can hold it, you can be rich.

Quote

Only people who have money can buy Bitcoin, while most of people are struggling to meets end their needs.

It is like if we want to have money, we must get it from our parents, family or from working and salary. The same with Bitcoin, if we want to get bitcoin, we can use our money, sell our house, land, any asset and convert it to bitcoin by buying bitcoin, or we can work for salary that can be received directly in bitcoin or in fiat that will be used to purchase bitcoin.

Receiving bitcoin as salary is a way to get bitcoin, without buying it. Many companies with Bitcoin acceptance, don't purchase bitcoin, but they sell their products to customers, and receive payments directly in bitcoin.

Quote

However, are we still survive in 2140? I really doubt it.

I don't care about it because I won't live long till 2140.

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Quote from: fikrett on November 28, 2024, 07:55:49 AM

Even if you hold for 20 years while accumulating during this frame (which would be around 3-4 natural cycles for BTC) - you would already be rich.
Cool

Holding Bitcoin for even 5-10 years alone should be able to give someone a profit better than saving your money on a local bank account with their fucked up rate as interest. The longer someone can hold bitcoin to me is always based on how much the person has and how much they can live without the amount they invested in it.

What matters most right now is what we can get and the profit that can be made. Why are we still on this surface? The rest, after all the bitcoin has been mined, should be something the next generation will have to worry about if bitcoin still exists and something of interest by then.

fikrett

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Quote from: Apocollapse on November 28, 2024, 03:02:19 AM

That's the reason why not everyone can be rich.

Only people who have money can buy Bitcoin, while most of people are struggling to meets end their needs.

So, if you have money you don't know you need to use for, just invest in Bitcoin and forget it, but once you check your investment in the next few years, you're already in profit.

However, are we still survive in 2140? I really doubt it.

Even if you hold for 20 years while accumulating during this frame (which would be around 3-4 natural cycles for BTC) - you would already be rich.
Cool

serjent05

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@OP Why thought of a future investment when you can invest in Bitcoin right now? Let alone thinking of investment after Bitcoin is fully mined which is expected on the year 2140. I believe we are all goner by that time. So whatever our plan for the future investment when Bitcoin is fully mined cannot be executed by us. Let the next generation plan it for themselves and let's just enjoy the benefit Bitcoin currently offer.

Btw, Bitcoin is openly traded, so if you are concern that you can't buy Bitcoin by that time, then your concern is in vain because as I stated, we are all gonna be a gonner by that time. But sure the future generation can still buy it as long as Bitcoin is traded on the exchange.

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I don't understand the fear or concern.. I believe, it’s unrealistic to think that Bitcoin's price will increase simply because investors are holding onto it, nope.. the main driver of Bitcoin’s price is demand, and that demand comes primarily from people using Bitcoin in their daily lives, not just from big investors who buy and hold.

As long as exchanges maintain good liquidity, there won’t be any issues with daily transactions. Plus, investors aren’t naive; most of them are seasoned experts who understand how to balance supply and demand without undermining Bitcoin’s core purpose: decentralized transactions. The point is, more transactions lead to a more stable network, which ultimately drives greater adoption and long-term growth.

ABCbits

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Quote from: franky1 on November 28, 2024, 04:50:36 AM

Quote from: ABCbits on November 28, 2024, 04:17:50 AM

It doesn't matter, since i doubt most of us remain alive for another 116 years. But assuming Bitcoin is still alive by then and use PoW, miner still receive income from TX fee where they must sell some of it to cover their operational cost. So there's always small amount of available supply.

right now the core-dev-politics are supressing and limiting the tx count of a block to average ~4000tx a block. we should have begun true scaling many years ago.. but lets assume they continue to be idiots for 100+ years and transactions are still averaging 4000tx a block in 2124
there will still be some mining reward where each block offers 9 sat mining reward and if tx was 1sat each, 4000sat tx fee total

however we should be at a higher tx count per block by 2124+ so there would be more sat on offer to fund mining from fee's
we should not fall for the core-dev-politics shady games of forcing people to pay more sat per fee(limiting txcount), we should have more tx per block to cover block total fee for miners..

If you're going to bring block size limit, we might as well as talk about default minrelayfee. While previous suggestion to reduce the default from 1 sat/vB into 0.1 sat/vB was rejected[1], there'll more pressure to reduce it if Bitcoin price keep increasing.

[1] https://github.com/bitcoin/bitcoin/issues/14012

kotajikikox

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Quote from: _act_ on November 28, 2024, 02:55:39 AM

Bitcoin can not be difficult to purchase. Even 1 sat is relevant. If bitcoin become scarce and its price increases, the quantity that individuals will purchase will be small because of the high price but everything will be normal as usual as they will still be able to purchase the right amount that they want to purchase.

Lots of people and now entities, governments following suit as well, are holding bitcoin but not all of these will be holding bitcoin all the time. Some individuals might want to sell for profit or maybe use it to purchase something. So, no need to worry about not being able to buy. However, it will be difficult only because the demand for each sat or bitcoin would be extremely high and you might need enough funds to do so.

It can be reduced as well if the concept of bitcoin being a currency instead of an asset to be held was strengthened. Lots of bitcoin enthusiasts are pushing for bitcoin to be a mainstream currency in many countries.

franky1

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Quote from: ABCbits on November 28, 2024, 04:17:50 AM

It doesn't matter, since i doubt most of us remain alive for another 116 years. But assuming Bitcoin is still alive by then and use PoW, miner still receive income from TX fee where they must sell some of it to cover their operational cost. So there's always small amount of available supply.

right now the core-dev-politics are supressing and limiting the tx count of a block to average ~4000tx a block. we should have begun true scaling many years ago.. but lets assume they continue to be idiots for 100+ years and transactions are still averaging 4000tx a block in 2124
there will still be some mining reward where each block offers 9 sat mining reward and if tx was 1sat each, 4000sat tx fee total

however we should be at a higher tx count per block by 2124+ so there would be more sat on offer to fund mining from fee's
we should not fall for the core-dev-politics shady games of forcing people to pay more sat per fee(limiting txcount), we should have more tx per block to cover block total fee for miners..

Felicity_Tide

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cout << "Bitcoin";

In as much as there is going to be some form of scarcity as the mining reward keeps reducing, I don't think it will be that bad to the extent that people won't be able to make purchase (though large purchase might not be possible). My reason for saying this is that, I believe no one will hold their Bitcoin forever. Whether now or later, people will definitely sell from their holdings, while others will buy. I believe the market will continue to go in this pattern (of buying and selling), but I've a serious doubt if buying large quantities that some companies do now, will be visible then.

Marvelockg

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Quote from: ?? on ??

Once all bitcoins are mined, no new supply will enter the market and availability will depend on people trading existing bitcoin. This scarcity could increase demand and pushes prices higher but it might also make bitcoin less practical for smaller transactions if prices become too high.

for all bitcoin to be completely mined to anywhere close to the 21 bitcoin that is in circulation, it means that all bitcoin holders won't be ready to trade bitcoin at all but will prefer to hold and leave bitcoin in their storage. the possibility of that happening is to me very slim because bitcoin will continue to circulate every day and the more people are ready to buy bitcoin, the more others will be willing to sell their bitcoin also which will keep the flow of bitcoin in circulation never ending.

before the 21 million bitcoins will be exhausted, some of the current holders will want to sell a portion to others who might be making use of it for daily trading purposes. bitcoin traders are always in the market and will continue to be ready for trading of bitcoin any day and anytime regardless of how scarce bitcoin becomes in the future due to basically an increase in it price. bitcoin is still in use as a payment option in different platforms and that in itself is going to keep bitcoin flowing across old and new users of bitcoin till the future that is coming.

ABCbits

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It doesn't matter, since i doubt most of us remain alive for another 116 years. But assuming Bitcoin is still alive by then and use PoW, miner still receive income from TX fee where they must sell some of it to cover their operational cost. So there's always small amount of available supply.

jcojci

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Bitcoin will be scarce and not many people can buy Bitcoin even for a small portion. Investors from this era already collect many Bitcoin and gives Bitcoin to their children as legacy so they can use it for their lives. The investment decision will be for my children because I am not sure if I can still alive for a long time. Besides that, I want to give Bitcoin to my children as legacy too so that will help them survive if Bitcoin price becomes high. What I can do now is just prepare my family's future especially for my children who will continue my journey if they have interest.

franky1

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bitcoin (the network) has never been measured at the blockchain data level in whole btc.. the blockchain data is measured in satoshis
bitcoin wont reach the 20999999997690000 sats in circulation limit for another ~120 years

in 2010 people were trading for things like 2xpizza for 1000000000000sats
in 2144 people would trade for things like 2 pizza for 2000sats at most

people will not be trying to accumulate whole btc, much like people today dont try to accumulate whole 1tonne gold bricks
people will try to accumulate 'bits' (100sats) mbit(10,000sat), much like people try to accumulate grams and ounces of gold

but here is the thing
its not our concern.. none of us would be alive in 120+ years. so its a economic concern and decision for our offspring and descendants to decide on naming smaller lumps of sats

much like during the gold craze of the middle ages where 'bullion', 'ingots' were being circulated, it wasnt them but their descendants thats decided on the gram/ounce measures (instead of grain/pounds)

NotATether

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You and I will be dead by the time the Bitcoin supply is totally mined. So it's not something you need to worry about right now.

Quote from: bitLeap on November 28, 2024, 03:49:17 AM

Bitcoin will not be difficult to buy in the future, but if you target the amount of 1 bitcoin it will definitely be difficult. Even 10 sat could be worth a lot in the future. An answer that will be difficult to ascertain, because it takes a long time to spend 21 million bitcoins and we may not even be around to witness it. I don't really think that far, as long as the market provides bitcoin to buy then the only choice is to buy any amount even if it can only afford $10.

Maybe 1 bitcoin will be worth a billion dollars by then, if it gets that scarce. It is definitely not going to stay at 1 million dollars like some other people here are saying. Of course, we haven't even realized a 1 million dollars price yet but there's over a century left until this happens.

Die_empty

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Give all before death

Quote from: ? on November 28, 2024, 02:41:00 AM

What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

The price of Bitcoin might go high depending on its demand since the supply will end after all has been mined. But the good news is that Bitcoin can be bought in bits, so it will still be available to buy some. Just like other scarce commodities people will still want to sell their Bitcoin at a given period so there will always be market liquidity. That is why we are encouraged to have a long term plan for our Bitcoin hodling because the time will come when common men will find it difficult to hold a significant amount. Don't always rush to sell all your hodling if you don't necessarily have need for the money, always plan for the future.

bitLeap

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Quote from: ? on November 28, 2024, 02:41:00 AM

If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

Bitcoin will not be difficult to buy in the future, but if you target the amount of 1 bitcoin it will definitely be difficult. Even 10 sat could be worth a lot in the future. An answer that will be difficult to ascertain, because it takes a long time to spend 21 million bitcoins and we may not even be around to witness it. I don't really think that far, as long as the market provides bitcoin to buy then the only choice is to buy any amount even if it can only afford $10.

EluguHcman

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Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Oh yes definitely the supply of Bitcoin will be scarce while demands would be much many. Then the value of Bitcoin will increase exceedingly and I guess that is where Bitcoin will not only represent a digital gold as always be figured but be acted as a global treasure.
Of course future investors will be able to buy but not going to be as easy as it is today due to the limited 21M supplies
has been mined.

Considering how miners would earned rewards on the Blockchain, since the total invented coins has been mined and earned, the miners would hence begin to earn from transaction fees. I am then believed that the current transaction fees is being on accumulations for future use for miners.

For future investors, of course holders would always sell as today's because Bitcoin is a currency ought to be used to solve our financial need. So definitely holders and would definitely sell and users would always want to buy but though going to be more competitive and increase in values compared to today.

Alpha Marine

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Why do people act like the more the bitcoin price increases, the more its difficult for normal folks to buy? The price of a bitcoin is pretty much as expensive as it is right now, but people still buy. Regular folks are accumulating Bitcoin with the little they have. Bitcoin grows in percentages. If bitcoin increases by 10% you who bought with $100 and the other person that bought with $1 million both have the same percentage increase. You do not make the same amount of profit, but the percentage is the same.
So if Bitcoin gets to $1 million for one bitcoin, it would be no different from how it is today. Those who can afford to buy 1btc or more will buy and those who can't will buy the amount they can buy. It doesn't change anything.

Also, the higher the Bitcoin price, the lesser bitcoin rich people can afford. If bitcoin gets to a million dollars by 2140, they won't be able to buy as much as they buy today. So they're not going to buy everything and even if they want to, the more they demand bitcoin the more the price increases.

Frankolala

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You can buy bitcoin in units and because it's a commodity people will still keep on trading overtime. The only problem is that it will make the price of bitcoin to be more expensive because the price increases overtime with limited supply and high demand. This is why you should start accumulating yours because in future bitcoin price will be very expensive for the poor and average to afford, only the rich and government will be able to buy bitcoin by then. Now is the opportunity for pleb like us to fill up our bags at cheaper rate and hodli for long.

Apocollapse

hero member

Activity: 1190

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That's the reason why not everyone can be rich.

Only people who have money can buy Bitcoin, while most of people are struggling to meets end their needs.

So, if you have money you don't know you need to use for, just invest in Bitcoin and forget it, but once you check your investment in the next few years, you're already in profit.

However, are we still survive in 2140? I really doubt it.

_act_

legendary

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Lightning network is good with small amount of BTC

Quote from: ? on November 28, 2024, 02:41:00 AM

to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Bitcoin can not be difficult to purchase. Even 1 sat is relevant. If bitcoin become scarce and its price increases, the quantity that individuals will purchase will be small because of the high price but everything will be normal as usual as they will still be able to purchase the right amount that they want to purchase.

?

Activity: -

Merit: -

Your Thoughts on Future Investment After 21million Bitcoin Finish

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

Topic: Your Thoughts on Future Investment After 21million Bitcoin Finish. (Read 466 times)